EURJPY Takes Breath
The EURJPY pair started to form intraday sideways trades by consolidating near 138.2 level, attempting to take a breath after suffering additional losses yesterday and touching 137.40 target.
We remind you that forming continuous barrier at 138.8 and getting negative momentum by the major indicators will reinforce the domination of the bearish bias for the upcoming period, to keep waiting to resume the negative attack and attempt to reach 136.55 that forms the next target for the negative trades.
The expected trading range for today is between 138.80 and 137.